Olli Ilmari Rehn (pronounced [ˈolːi ˈreːn] ⓘ; born 31 March 1962) is a Finnish public official who has been serving as governor of the Bank of Finland since 2018.
Born in Mikkeli in Eastern Finland, Rehn studied economics, international relations, and journalism at Macalester College in Saint Paul, Minnesota, in the United States.
[3] Rehn also played football for his hometown club Mikkelin Palloilijat in Finland's top division Mestaruussarja (now Veikkausliiga) in his youth.
Rehn's appointment to the enlargement post was seen as a slight disappointment for Finland, who had hoped for their nominee to be given a portfolio relating to economic issues.
Enlargement was a central issue for the EU in the run-up to the landmark accession of ten countries on 1 May 2004, but has since declined in importance, if only slightly.
Rehn favours Turkish membership but has controversially suggested permanent restrictions on the free movement of workers from Turkey, "in case serious disturbances occur in the labour market within the EU as a result of Turkey’s accession", an attitude seen by some as running counter to the whole purpose and spirit of the EU.
[6][7] Questioned by the European Parliament, Rehn offered his thoughts on the prospects for accession of each of the countries highest on the enlargement agenda.
He praised Turkey for the human rights advances it had made but said he would advocate stronger monitoring if the decision was taken to open accession talks by the European Council when it considered the question in December.
Asked about free movement of Turkish labour after the country's accession, Rehn expressed the view that there should be "considerable transitional periods as well as a permanent safeguard clause".
He insisted that Bulgaria and Romania would be judged on their merits and that he would not hesitate to delay accession by a year if the EU's requirements were not met on time.
They must be approved if the next tranche of financial assistance [a 12 billion euro aid payment] is to be released...To those who speculate about other options, let me say this clearly: there is no Plan B to avoid default".
[20] Following the resignation of Christine Lagarde as managing director of the International Monetary Fund (IMF) in 2019, Rehn was one of the candidates considered by European governments as potential successor; he withdrew his candidacy shortly after[21] and the post went to Kristalina Georgieva instead.
After launching his political career Rehn did not give up football but has played for the teams of both the Finnish parliament and the European Commission.